Payment stocks Block and PayPal Holdings both experienced declines on Tuesday, but according to BMO Capital Markets analyst Rufus Hone, it may be too early to dismiss them. Hone, who recently took over coverage of Block at the firm, maintained an Outperform rating on the shares despite cutting the price target to $84 from $93. Block's shares were down 1% to $64.36 on … [Read more...] about Payment Stocks Block and PayPal Slide, but Analyst Sees Potential
Payment Stocks
Block Stock Surges on Targets for Efficient Growth
Block (ticker: SQ) shares have seen a significant surge in premarket trading on Friday, following the company's announcement of targets for more efficient growth. This increase in stock value is reminiscent of the recent jump seen in rival company PayPal, as investors become more optimistic about payment stocks. Strong Earnings and Guidance Exceed Expectations Shares of Block … [Read more...] about Block Stock Surges on Targets for Efficient Growth
